food prices

Grocery stores and gas pumps are important inflation indicators.  While inflationary concerns have been persistent in recent years, the back and forth regarding tariffs on Canada and Mexico, as well as the tariffs on Chinese goods, have prompted additional concerns about prices.   ...

The Food Price Index increased 0.4% in January.  The food at home index rose ½% over the month as four of the six major grocery store food group indexes increased.  The indexes for meats, poultry, fish, and eggs rose 1.9% over the month, as the ...

According to the latest USDA Food Prices Outlook, food prices moved higher, both month-over-month and year-over-year.   "For all food prices increased by .2% in December and they were 2.5% higher than they were in December of 2023,” noted USDA economist Megan Sweitzer.  She added, when co...

Canada’s recent Food Price Report 2025 forecasts a rise in food prices between 3%-5%, pushing the average family of four’s annual food expenditure to $16,833.67, an increase of $800 from last year.  Though 2024 saw food prices grow more slowly than expected, affordability remains a major concern for Canadians as inflation continues to erode household budgets.  Despite easing...

The smallest yearly hike in grocery store food prices in six years.  That, according to the USDA, is what 2024 has given food shoppers with prices up this year by only 1.2%.   “Lower than the average over the past 20 years, which has been an average of 2.7% per year," said U...

With Thanksgiving less than a week away, the USDA is out with some encouraging news for those of you looking to prepare the big meal.   “People who are shopping for turkeys for their holidays are likely going to see some good deals out there," noted economist Michael McConnell.  However he ad...

In the year 2022, the food we bought at the grocery store went up in price by 11 ½% and up another 5% last year.  But what about this year?   “Grocery prices are predicted to increase by 1.2%.”  A rate of food price inflation that Megan Sweitzer, USDA economist described as very, very low.  She added that grocery price inflation ha...

The Agriculture Department is expecting at home food prices this year to increase by 1.2%, which is a slight increase from the 1% that USDA economists had expected.  USDA economist Meghan Schweitzer says prices for a couple of key food categories have been higher than expected, inching that rate up.   “...

Can you get sticker shock while shopping for eggs?  Many consumers say in this economy, yes.  USDA  livestock analyst s Shayle Shagam said this week, his department saw a big run up in both retail and wholesale prices for eggs.   “Supplies of eg...

Global food costs moved lower again for the 11th consecutive month.  The Financial Post says while consumers are still spending more for food, prices are at their lowest level in the last 17 months.  The UN Food and Agricultural Organization’s Food Price Index dropped 0.6% in February,...